News Release
25 Apr 2014 ID: 3738
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Consolidated Financial Summary for the Fiscal 4th Quarter and the Fiscal Year ended March 31, 2014

 

TOKYO, Japan, April 25, 2014 – Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal fourth quarter and the fiscal year ended March 31, 2014.

 

Consolidated operating income for the fiscal fourth quarter (January 1, 2014 through March 31, 2014) amounted to 165.2 billion yen, an increase of 21.5% compared to the same period last year, primarily due to an increase in automobile sales in Japan and motorcycle sales in Asia, positive effects of cost reduction and favorable currency effects associated with the depreciation of the Japanese yen.

 

Consolidated operating income for the fiscal year (April 1, 2013 through March 31, 2014) amounted to 750.2 billion yen, an increase of 37.7% compared to the previous fiscal year, and consolidated net income*1 for the fiscal year amounted to 574.1 billion yen, an increase of 56.4% compared to the previous fiscal year, primarily due to an increase in automobile sales in Japan and North America and motorcycle sales in Asia, positive effects of cost reduction and favorable currency effects associated with the depreciation of the Japanese yen.

 

The quarterly dividend for the fiscal fourth quarter will be 22 yen per share, a 3 yen increase compared to the quarterly dividend for the same period last year. The total cash dividends to be paid for the fiscal year ended March 31, 2014 are planned to be 82 yen per share, an increase of 6 yen per share from the previous fiscal year. The year-end dividends are matters to be resolved at the general shareholders' meeting.

 

Consolidated Financial Results for the Fiscal 4th Quarter

 

 

4th quarter

ended

Mar. 31, 2013

(3 months period)

4th quarter

ended

Mar. 31, 2014

(3 months period)

Difference

Honda Group

Unit Sales*2

(million units)

Motorcycles*4

3.962

4.500

+0.538

Automobiles*5

1.033

1.195

+0.162

Power Products

1.963

1.990

+0.027

Consolidated

Unit Sales*3

(million units)

Motorcycles*4

2.490

2.730

+0.240

Automobiles*5

0.902

0.933

+0.031

Power Products

1.963

1.990

+0.027

Financial

Results

(billion yen)

Net sales and other operating revenue

2,744.9

3,097.2

+352.2

Operating income

135.9

165.2

+29.3

Income before income
taxes

98.0

174.7

+76.6

Equity in income of

affiliates

13.0

37.3

+24.3

Net income*1

75.7

170.5

+94.7

Quarterly dividend per share (yen)

19

22

+3

Honda’s

average

rates (yen)

USD =

93

103

Down by

10 yen

EUR =

122

141

Down by

19 yen

 

 

Consolidated Financial Results for the Fiscal Year ended March 31, 2014 (FY14)

 

 

FY13 results

Previously announced FY14 forecasts

(2014/1/31)

FY14 results

Difference compared to FY13 results

Difference compared to previously announced forecasts

Honda Group

Unit Sales*2

(million units)

Motorcycles*4

15.494

17.095

17.021

+1.527

-0.074

Automobiles*5

4.014

4.385

4.323

+0.309

-0.062

Power Products

6.071

6.050

6.036

-0.035

-0.014

Consolidated

Unit Sales*3

(million units)

Motorcycles*4

9.510

10.410

10.343

+0.833

-0.067

Automobiles*5

3.408

3.620

3.560

+0.152

-0.060

Power Products

6.071

6.050

6.036

-0.035

-0.014

Financial

Results

(billion yen)

Net sales and other operating revenue

9,877.9

12,100.0

11,842.4

+1,964.5

-257.6

Operating income

544.8

780.0

750.2

+205.4

-29.8

Income before income 

taxes

488.8

755.0

728.9

+240.0

-26.1

Equity in income of

affiliates

82.7

140.0

132.4

+49.7

-7.6

Net income*1

367.1

580.0

574.1

+206.9

-5.9

Annual dividend per share (yen)

76

80

82

+6

+2

Honda’s

average

rates (yen)

USD =

84

100

100

Down by

16 yen

EUR =

108

134

136

Down by

28 yen

Down by

2 yen

 

 

Forecasts for the Fiscal Year ending March 31, 2015 (FY15)

Honda financial forecasts for the fiscal year ending March 31, 2015 are described below.

 

 

 

FY14 results

FY15 forecasts

Difference

Honda Group

Unit Sales*2

(million units)

Motorcycles*4

17.021

18.240

+1.219

Automobiles*5

4.323

4.830

+0.507

Power Products

6.036

6.345

+0.309

Consolidated

Unit Sales*3

(million units)

Motorcycles*4

10.343

11.030

+0.687

Automobiles*5

3.560

3.870

+0.310

Power Products

6.036

6.345

+0.309

Financial

Results

(billion yen)

Net sales and other operating revenue

11,842.4

12,750.0

+907.5

Operating income

750.2

760.0

+9.7

Income before income 

taxes

728.9

745.0

+16.0

Equity in income of

affiliates

132.4

155.0

+22.5

Net income*1

574.1

595.0

+20.8

Annual dividend per share (yen)

82

88

+6

Honda’s

average

rates (yen)

USD =

100

100

EUR =

136

135

Up by 1 yen

 

ENDS

 

 

Editor’s notes

 

 1. Net income attributable to Honda Motor Co., Ltd. based on U.S. generally accepted accounting principles.

 

 2. Honda Group Unit Sales is the total unit sales of completed products (motorcycles, ATVs, automobiles, power products) of Honda, its consolidated subsidiaries and its affiliates accounted for under the equity method.

 

 3. Consolidated Unit Sales is the total unit sales of completed products (motorcycles, ATVs, automobiles, power products) corresponding to consolidated net sales, which consists of unit sales of completed products of Honda and its consolidated subsidiaries.

 

 4. Honda Group Unit Sales and Consolidated Unit Sales of ATVs included in motorcycle business for the fiscal 4th quarter ended March 31, 2013 and 2014 are 28 thousand units and 38 thousand units, respectively. Honda Group Unit Sales and Consolidated Unit Sales of ATVs included in motorcycle business for the fiscal year ended March 31, 2013 and 2014 are 117 thousand units and 120 thousand units, respectively.

 

 5. Certain sales of automobiles that are financed with residual value type auto loans by our Japanese finance subsidiaries are accounted for as operating leases in conformity with U.S. generally accepted accounting principles and are not included in consolidated net sales to the external customers in our automobile business. As a result, they are not included in Consolidated Unit Sales, but are included in Honda Group Unit Sales of our automobile business.

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